Serbia: Grain and Feed Annual

Serbia’s Marketing Year (MY) 2024/25 wheat area is forecast at 625,000 hectares (HA), 14 percent lower than the previous year. If the predicted yield of 5 MT/HA is achieved, wheat production is expected to reach 3.1 Million Metric Tons (MMT). Due to very high wheat ending stocks of 1 MMT and good crop quality exports of up to 1.5 MMT. MY2024/25 corn production is estimated to reach a high of 6.6 MMT, 10 percent higher than the previous year. Due to good weather Serbia’s corn production in MY2023/24 could climb to 6.8 MMT, a significant increase of 2.2 MMT or 48 percent compared to MY2022/23. MY2022/2023 corn production was significantly damaged by the record summer drought. By the end of MY2023/24, Serbia will likely export 2.6 MMT of corn worth over $620 million and regain its position as one of the leading European corn exporters.